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3 years ago

8

Budweiser, miller and coors, who together produce 80% of all beer consumed in the us, each spend well over $500 million a year o

n television advertising campaigns, promoting their beer brands.

1 answer:

Oksi-84 [34.3K]3 years ago

4 0

Whats the question here

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On January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory po

Mama L [17]

Answer:

Avondale Lumber

Calculation of Inventory Amounts at the end of each year:

= Inventory cost divided by the Index:

2021: = $408,450/1.05 = $389,000

2022: = $420,740/1.09 = $386,000

2023: = $478,500/1.10 = $435,000

2024: = $513,585/1.13 = $454,500

Explanation:

a) Data and Calculations:

Year Ended Inventory Cost Index Year-End Costs

(Relative to Base Year)

2021 $ 408,450 1.05 $389,000 (408,450/1.05)

2022 420,740 1.09 $386,000 (420,740/1.09)

2023 478,500 1.10 $435,000 (478,500/1.10)

2024 513,585 1.13 $454,500 (513,585/1.13)

b) The conversion of the ending inventory cost to the base year with an index is obtained by dividing the inventory cost by the index. This gives a cost that is relative to the base year.

5 0

3 years ago

Why only 4 percent manage to succeed in business of company ??

dolphi86 [110]

Answer:

A lot of businesses don't succeed due to money problems, or no customers.

Explanation:

7 0

3 years ago

Read 2 more answers

A company with a December 31 fiscal year end sold and delivered $5,000 worth of inventory on December 15, 2016 with payments of

Zepler [3.9K]

Answer:

$5,000

Explanation:

Under the accrual accounting method, revenue is recognized and recorded in the books once the recognition criteria is met i.e once the goods or service has been delivered.

Under this system as well expenses are recorded once incurred.

As such, the time of cash payment does not affect the recognition of revenue. When revenue is earned and cash is yet to be paid, the entries required are debit accounts receivable and credit revenue.

On payment of cash, the entries are posted between cash and accounts receivables.

8 0

3 years ago

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Accounting profit differs from economic profit because

nlexa [21]

Economic profit<span> is the difference between total monetary revenue and total costs, but total costs include both explicit and implicit costs. </span>Economic profit<span> includes the opportunity costs associated with production and is therefore lower than </span>accounting profit<span>.</span>

3 0

3 years ago

When you're planning a convention, which of the following steps would you complete first? A. Select the site. B. Write the invit

blagie [28]

Hello,

Here is your answer:

I think the proper answer to this question will be option A "select a site". That's just because when planing a convention you have to find a place to hold it, form the committee, write the program, and then you have to write invites.

Your answer is A!

If you need anymore help just ask me!

7 0

3 years ago